Lockheed Martin in Moorestown to make Aegis for at least 5 years

Aegis, a radar system for U.S. Navy ships, will continue to be developed and maintained by Lockheed Martin in Moorestown.

Aegis, a radar system for U.S. Navy ships, will continue to be developed and maintained by Lockheed Martin in Moorestown. (3/28/13)

MOORESTOWN - One of the nation's most advanced pieces of military equipment will continue to be made in New Jersey for at least the next five years.

Aegis, a radar system for U.S. Navy ships, will continue to be developed and maintained by Lockheed Martin in Moorestown, thanks to a five-year contract extension.

At a ceremony Thursday, company officials thanked Gov. Chris Christie and lawmakers for their help locking the deal down. Executives say there's no telling how many jobs would have been shipped out of state if the $100 million deal had fallen through.

Christie also announced plans for the state's university system to partner with Lockheed Martin on a research center to develop technologies.
 

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